Posts from December 21st, 2019
Bain Real Estate - Market Update
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December
21
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Bain Real Estate 2019 December Spectacle Lakes Market Report
Bain Real Estate 2019 December Spectacle Lakes Market Report.
Dear Neighbor,
PLEASE CLICK HERE TO SEE THE MAP.
As we close out 2019 it is interesting to see how the year in Kent and area real estate unfolded. Sales, year over year proved consistent from 2018 to 2019 with 49 closings in 2018 and 51 sales this year. But the real surprising statistic is the significant reduction in inventory. Listing inventory is down 15%. There are 39 homes available. What are the implications? Market constriction will likely bolster values and are spotlighting land that has still yet to recover from the 2006 recession.
Nearly 60% of the sales in Kent this year have been under $400,000. The $400,000-$1,000,000 range earned...